Remove Assets Remove Balance Sheet Remove Engineering
article thumbnail

5 Ways Your Data Strategy Can Fail

Harvard Business Review

Indeed, The Economist proclaimed that data are now “the world’s most valuable asset.” Paradoxically, “data” appear everywhere but on the balance sheet and income statement. ” Some even refer to data as “exhaust” — the antithesis of a valued asset! Start with talent.

article thumbnail

Blockchain Could Make the Insurance Industry Much More Transparent

Harvard Business Review

Thus a trust and efficiency engine like blockchain technology has the potential to drive radical change in the insurance industry while improving transparency and outcomes across the entire value chain. In these cases, the insurers’ right to subrogate, or go after the assets of others to recoup their losses, is largely unenforceable.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What the Media Industry Can Teach Us About Digital Business Models

Harvard Business Review

Its powerful search engine serves as a platform that instantaneously brings others’ content to users. It is natural and appropriate to seek to leverage existing assets and capabilities. Develop an honest capabilities balance sheet, highlighting both strengths and weaknesses, and compare it to your blueprinted business models.

Media 13
article thumbnail

Can We Quantify the Value of Connected Devices?

Harvard Business Review

In the 1990s, Procter & Gamble’s Product Supply Organization kicked off a major Reliability Engineering program, much like the efficiency initiatives of companies such as Toyota. A key challenge in quantifying the value of IoT is in valuing the data assets it creates.

article thumbnail

Coastal Cities Are Increasingly Vulnerable, and So Is the Economy that Relies on Them

Harvard Business Review

That means that many of our great, low-lying coastal cities are what we call “stranded assets.” Absent a civil engineering miracle, the entire city will become a stranded asset that society will have to write off. So-called “sunny day flooding”, (i.e shoreline, but the number is much probably larger.

article thumbnail

What the Companies That Predict the Future Do Differently

Harvard Business Review

3) Update management and leadership practices: An extended analytics engine fueled by multiple information sources, however, can accomplish little without the ability to act on future predictions. Financially, organizations require new models to account for information assets beyond treating them as intangibles.

article thumbnail

Oil’s Boom-and-Bust Cycle May Be Over. Here’s Why

Harvard Business Review

Most major producers with large balance sheets will likely hedge their bets and attempt both. Companies such as Exxon, Chevron, and Shell have all said they expect to expand their production in shale assets in the US, Canada, and Argentina.